$73.98 Million in Sales Expected for Domo, Inc. (NASDAQ:DOMO) This Quarter

Analysts expect that Domo, Inc. (NASDAQ:DOMOGet Rating) will post $73.98 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Domo’s earnings. The lowest sales estimate is $73.95 million and the highest is $74.00 million. Domo posted sales of $60.06 million in the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Domo will report full year sales of $316.58 million for the current financial year, with estimates ranging from $316.00 million to $317.15 million. For the next fiscal year, analysts anticipate that the business will post sales of $382.83 million, with estimates ranging from $381.60 million to $384.06 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Domo.

Domo (NASDAQ:DOMOGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.88) by $0.47. The business had revenue of $70.00 million for the quarter, compared to analysts’ expectations of $67.10 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.65) EPS.

Several brokerages have recently weighed in on DOMO. Morgan Stanley dropped their price target on shares of Domo from $98.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 2nd. Zacks Investment Research cut shares of Domo from a “hold” rating to a “sell” rating in a research note on Tuesday. Cowen lowered their target price on shares of Domo from $100.00 to $85.00 in a research note on Monday, February 28th. Finally, JMP Securities lowered their target price on shares of Domo from $106.00 to $88.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $93.25.

In other Domo news, COO Catherine Wong sold 36,000 shares of Domo stock in a transaction on Monday, April 4th. The shares were sold at an average price of $55.24, for a total value of $1,988,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Joshua G. James sold 26,360 shares of Domo stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $49.61, for a total transaction of $1,307,719.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,113 shares of company stock worth $5,341,151. 14.35% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CAPROCK Group Inc. increased its holdings in Domo by 49.7% in the 1st quarter. CAPROCK Group Inc. now owns 6,127 shares of the company’s stock valued at $310,000 after acquiring an additional 2,035 shares during the last quarter. Diversified Trust Co bought a new stake in Domo in the 1st quarter valued at $203,000. Walleye Capital LLC increased its holdings in shares of Domo by 972.2% in the 4th quarter. Walleye Capital LLC now owns 70,618 shares of the company’s stock worth $3,503,000 after buying an additional 64,032 shares during the last quarter. Barclays PLC increased its holdings in shares of Domo by 138.2% in the 4th quarter. Barclays PLC now owns 39,871 shares of the company’s stock worth $1,977,000 after buying an additional 23,131 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Domo by 2.6% in the 4th quarter. BlackRock Inc. now owns 2,042,637 shares of the company’s stock worth $101,314,000 after buying an additional 51,560 shares during the last quarter. Institutional investors own 72.89% of the company’s stock.

Shares of Domo stock opened at $51.39 on Thursday. The company’s fifty day simple moving average is $47.02 and its 200-day simple moving average is $59.09. Domo has a 1-year low of $36.07 and a 1-year high of $98.35.

About Domo (Get Rating)

Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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